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Sharron's Story

Sharron's soap shack.

Sharron had wanted to open a quaint little soap shop in the historic downtown plaza, that hosted many little restaurants and boutiques, for years now. Finally, she found herself in the right financial place to start her journey into business. Although the historic downtown plaza was beautiful and unique, it was old. 

Old buildings can sometimes come with issues, such as old pipes, which in Sharron’s case became an issue when they busted. She didn’t worry though, knowing that she was covered thanks to Insurance Maestro. Insurance Maestro had supplied her with the best commercial insurance policy, so Sharron was covered and could go back to running her shop.

A Quick Guide to Commercial Insurance

At Insurance Maestro, we understand you want to find the best Commercial insurance possible. It needs to strike the right  balance between affordable and comprehensive. Our friendly team of insurance experts are here to support you, and we’re always happy to answer any questions you might have.

Frequently Asked Questions
about Commercial Insurance

How can you save money on your commercial insurance?

There are lots of ways you can reduce your premiums over time but combining your insurance into a bundled policy with the same insurer is a great way to get instant discounts for your loyalty. You can also combine commercial general liability and property insurance into a Business Owners Policy to receive a reduced premium.

Does a home-based business need to buy commercial insurance?

Yes. Although the type of insurance offered to home-workers might be different, based on your individual liabilities. Most homeowner policies will not cover specific business activities, and if you visit clients, then you will need to buy liability coverage.

Is there anything that is not covered by Worker’s Compensation Insurance?

Make sure you check the policy terms, as they can differ from one state to the next. Generally speaking, horseplay resulting in injury, injuries incurred while committing an illegal act or from an act of God are not covered.

Will commercial insurance cover me if my equipment breaks down?

Standard commercial insurance will not cover breakdowns. However, you can purchase an additional rider that will cover your essential equipment in the event it ceases to operate or develops a fault.

Do I need to buy commercial property insurance if I lease a building?

In most cases, yes. While your landlord may have their own coverage in place, commercial property insurance could form part of your lease agreement. Aside from this, it gives you essential coverage for your equipment, inventory, furnishings, signage, and more.

We're Here For You

At Insurance Maestro, we want to help you find the best Commercial Insurance for your company’s needs. If you contact us directly, our team of experts will be happy to offer guidance about the different types of coverage you might need to buy. 

Thinking about buying
Commercial Insurance?

Read this first.

At Insurance Maestro, we understand the need to buy the best commercial insurance available for your business. Our expert team of commercial insurance experts are here to support you, and we’re always happy to directly answer any questions you might have. We believe your time should be spent focussing on your day-to-day operations, and we’re here to make sure the process of buying commercial insurance is hassle-free, informed, and easy.

A Quick Guide to Buying Commercial Insurance

Commercial insurance is designed to protect the business you’ve worked so hard to build. It can safeguard your own assets, the people who work for you, your customers, and your company assets too.

The Different Types of Commercial Insurance

With so many types of commercial insurance on offer, we’ve designed this guide to help you choose the right coverage for your company. 

Commercial General Liability 
This covers your company against potential losses from third-party claims that arise because of advertising injury, medical expenses, property damage, bodily injury, electronic data liability, libel, slander, lawsuit defense for the above events only, and more. It will usually cover actions made by you or your staff, regardless of whether they are temporary or permanent members of your team. Any size or type of business needs to buy CGL coverage, and there is a range of levels of coverage to choose from.

Tip: Excess liability coverage might also be presented when you buy commercial general liability coverage. This is designed to give you extra liability coverage in the event a claim exceeds your standard policy limits. 

Commercial Property Insurance
Individual terms will vary depending on the insurer, but generally, you’re covered for theft, accidents, vandalism, fire, and natural disasters. If a covered event occurs, then your inventory, equipment, building, fencing, signage, landscaping, and other’s property will be covered up to your policy limits. 

Professional Liability Insurance
This is also known as E&O coverage and is designed to protect you in the event you face any legal action surrounding claims of negligence. Regardless of any fault or wrongdoing, if you are a service-based business, this will cover the cost of a legal defence. 

Product Liability Insurance
Accidents happen, and if you make, sell, or even distribute products, including offering repairs, then you should buy commercial product liability to protect you from claims and damages. If you manufacture hazardous products, you’ll need a specialist insurer to cover you. 

Commercial Umbrella Insurance 
This works much like a shield, protecting your assets should you face unprecedented liability costs that exhaust the limits of your underlying insurance. It cannot be bought alone and is a supplemental policy that works over multiple commercial liability policies. Personal and professional liabilities are not usually covered under umbrella insurance. 

Workers Compensation Coverage
This is state-mandated in almost every state and ensures your workers can get treatment or compensation in a timely manner if they sustain an injury at work or develop a work-related illness. Without this, the liabilities fall on your business, so even when it is not state-mandated, it’s reassuring to have it in place.

Got a question? We’ve got answers.

Our team of Commercial Insurance experts will be happy to discuss your unique needs. Contact us today, and we’ll work through the options for you, leaving you free to focus your attention back on your business. 

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